French current account deficit worsens in May

12th July 2011, Comments 0 comments

France's current account deficit widened to 5.5 billion euros ($7.6 billion) in May from 5.0 billion euros in April, mainly due to a deepening of the trade-in-goods deficit, official data showed on Tuesday.

The trade-in-goods deficit grew to 7.7 billion euros in May, from 7.5 billion in April, the Bank of France said, while the trade in services surplus fell slightly to 0.9 billion euros.

The current account deficit is the shortfall in trade in goods and services, investment and other monetary transfers.

© 2011 AFP

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